India's consumer price inflation (CPI) eased to 5.05 per cent in August from 23-month high of 6.07 per cent while July industrial output shrank 2.4 per cent, according to government data, raising hopes of a rate cut from the RBI in its October policy.

India's consumer price inflation (CPI) eased to 5.05 per cent in August from 23-month high of 6.07 per cent while July industrial output shrank 2.4 per cent, according to government data, raising hopes of a rate cut from the RBI in its October policy.